Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sun May 24, 2015 06:48 AM CDT

Live Cattle: The June contract closed $0.40 lower at $152.125 last week. While the secondary (intermediate-term) trend remains up, weekly stochastics are nearing a bearish crossover above the overbought level of 80%. If established this would confirm the recent double-top formation near $154.825, a price that marks the 67% retracement level of the previous downtrend from $162.925 through the low of $138.60.

Feeder Cattle: The August contract closed $0.60 higher at $219.00 last week. The contract is testing resistance between $217.30 and $222.20, prices that mark the 50% and 61.8% retracement levels respectively of the initial sell-off from $237.95 ...

Quick View
Related News Stories
DTN Technically Speaking Blog
Senate Passes TPA Bill
DTN Closing Grain Comments
Grain Inspections Reforms Move Forward
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Early Word Opening Livestock
DTN Before The Bell Grain Comments
Guest Editorial